HSBC opens its investment bank to super rich Asian clients

📆 30/04/2021 07:12:00
📰 staronline

⏱ Reading Time:
14 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 75%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

LONDON: HSBC Holdings Plc is offering its ultra-rich clients in Asia direct access to its investment bankers as the lender targets becoming a leader in managing wealth in an increasingly affluent region.

The London-based bank, which makes the bulk of its profits in Asia, has opened a new institutional family office in Hong Kong and Singapore, which will give access to a full spate of financing and investment products, deal making and institutional market access, the lender said in a statement yesterday.

Like other banks, it has struggled with low interest rates over the past years and is seeking out more fee-based income to boost profitability. In the next decade, about US$1.9 trillion of wealth in Asia will be passed on to the next generation, HSBC said.

Escrever Comentário

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Asian American business leaders launch US$250m effort to combat anti-Asian hate | Malay MailNEW YORK, May 3 — Business leaders launched a five-year, US$250 million drive today to support the causes of Asian-Americans and Pacific Islanders, vowing to set up a national infrastructure for a community targeted by a rising number of racial attacks. The Asian American Foundation will invest...
Fonte: malaymail - 🏆 1. / 86 Consulte Mais informação »